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...The data points to a likely expansion of the UK economy in the first quarter....
...The 30-year fixed-rate mortgage fell to 7.07 per cent during the week ending December 8, from 7.17 per cent the previous week, the Mortgage Bankers Association said today....
...He added that some rates offered in the latest round of cuts were below the relevant swap rate, a highly unusual position for lenders to be in....
...But if you do believe that there is a size factor, the above point about valuation shifts still applies). The second point is closely related....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...The point is that the banking system is being de-risked, the government’s relationship to the financial system is being de-risked....
...The increasing cost of servicing a mortgage was the biggest worry driving readers’ financial decisions, but growing numbers of high earners tell us that they are borrowing to sustain the lifestyle to which...
...Perenna Bank, a new lender focused on long-term fixed rate mortgages, won a government green finance grant to develop a product to encourage retrofitting: It thinks a discount of 0.2 to 0.3 percentage points...
...And every lender’s got an online servicing portal. Nationwide’s got a mortgage manager. Everything you need to know, that’s on there. So it’s great to know when your term is coming up....
...However, funding has also come from private lenders and the commercial mortgage-backed securities sector, often bundled into collateralised loan obligations....
...On the surface, Exxon seems to have a point. Chevron is paying a roughly 10 per cent premium, in shares, to acquire Hess....
...Brussels is working out how to get round a rule prohibiting arms purchases from the EU budget....
...Rounds FREDdy or not?...
...“From Iran’s point of view, it was a show: ‘We have the capability. We have all different missiles and drones. We can do it. We prefer not to escalate it into a war,’” said Shine....
...“The flipside of the antitrust or regulatory lens, from a payments network point of view with Visa and Mastercard, this is probably positive for competition.”...
...On the Newhouse’s round stage, Michael Yeargan’s spare but dynamic set of conference tables is loomed over by a ring of news monitors, giving the dual sense of panopticon and bunker....
...In other words, that double-digit-basis-point jump in the 2-year Treasury yield — and the slower pace of rate increases priced into fed funds futures markets — might be warranted....
...“At this point it’s come down to a macro call,” said John Lovallo, an analyst at UBS....
...Mistral, which builds large language models, the underlying technology that powers generative AI products, secured a €2bn valuation in December in a funding round worth roughly €400mn....
...ICE did not respond to a request for comment on this point....
...On Tuesday, the fund said it was “short [United Wholesale Mortgage], long [Rocket Mortgage], and purchased derivatives”....
...But as Nancy Vanden Houten of Oxford Economics points out, it might take a pretty big move in rates to solve the supply problem, given that the average homeowner’s mortgage rate is far below the market rate...
...Bulls can point to signs of improving health....
...Almost 35 per cent of today’s households own their own homes outright, 10 percentage points higher than in the 1980s....
...I’m not sure of the market relevance of either point, but there you go. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
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